How Much Does it Cost to Make a Penny?

How Much Does it Cost to Make a Penny in 2012 ?

In May 2010, it costs 1.67 ¢ ~ (or $ 0.0167 U.S. Dollars (USD)) U.S. mint a penny, making the nominal value of one cent 1 cent less than its value actual manufacturing.

The cost of a penny is largely dictated by the materials used to manufacture it. Pennies contain zinc 97.5%, with 2.5% copper to give them their distinctive color copper. The prices of these metals have increased dramatically in response to market demands and the increasing regulation of mining, which made the cost of extraction of metals much higher.

The obvious solution to a penny less expensive is to change the composition of the coin, the integration of cheaper metals or plastics, as is done with some European currency.

However, attempts to change the composition of the Penny met with some opposition, as some people fear that changes in the composition could change the look and feel of the iconic American medal, although in 1943 the U.S. Mint coined cents steel, in response to the request in time of war for copper.

Others suggested that it might be time to get rid of the penny one cent in total, a move that would certainly change the way Americans do business, and angry people in the State of Illinois who preferred iconic President Abraham Lincoln on the penny.

In addition to the penny, nickel also has a physical value that is greater than its face value, nickels cost about 7.7 cents U.S. to do. Another currency, such as dimes and quarters, much cheaper to make. The nominal value of one quarter may be 25 U.S. cents, but it only costs 10 U.S. cents to one. In view of some people. The relatively high cost to a penny or a nickel is offset by lower production costs of other parts. Yet the debate over the fate of one hundred small Red continues.